Zillow Group, Inc. (NASDAQ:Z) CEO Sells $580,942.21 in Stock

Key Points

• Zillow Group, Inc. CEO Jeremy Wacksman sold 7,129 shares of stock for a total of $580,942.21, decreasing his ownership by 4.16% to 164,388 shares.
• The company's stock performance has seen an average price fluctuation, closing at $85.11 recently, with a market cap of $20.55 billion and a PE ratio of -327.35.
• Analysts have mixed ratings on Zillow Group, with target prices ranging from $81.00 to $100.00 and an average rating of "Hold."

Zillow Group, Inc. (NASDAQ:Z - Get Free Report) CEO Jeremy Wacksman sold 7,129 shares of Zillow Group stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $81.49, for a total value of $580,942.21. Following the completion of the transaction, the chief executive officer owned 164,388 shares in the company, valued at $13,395,978.12. This trade represents a 4.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Jeremy Wacksman also recently made the following trade(s):

• On Friday, August 15th, Jeremy Wacksman sold 11,275 shares of Zillow Group stock. The shares were sold at an average price of $85.73, for a total value of $966,605.75.

Zillow Group Trading Down 0.7%

Shares of Z traded down $0.61 during mid-day trading on Monday, hitting $84.50. The company's stock had a trading volume of 1,551,254 shares, compared to its average volume of 2,675,033. The firm has a 50-day simple moving average of $75.96 and a 200 day simple moving average of $72.66. The firm has a market capitalization of $20.47 billion, a P/E ratio of -325.00, a P/E/G ratio of 16.03 and a beta of 2.09. Zillow Group, Inc. has a 1-year low of $52.86 and a 1-year high of $89.39.

Hedge Funds Weigh In On Zillow Group

A number of institutional investors have recently made changes to their positions in Z. TB Alternative Assets Ltd. grew its position in shares of Zillow Group by 49.0% in the first quarter. TB Alternative Assets Ltd. now owns 570,913 shares of the financial services provider's stock valued at $39,142,000 after purchasing an additional 187,671 shares during the period. American Assets Investment Management LLC purchased a new stake in Zillow Group during the first quarter valued at about $468,000. Alberta Investment Management Corp purchased a new stake in Zillow Group during the first quarter valued at about $3,661,000. Cerity Partners LLC grew its position in Zillow Group by 67.0% during the first quarter. Cerity Partners LLC now owns 20,475 shares of the financial services provider's stock valued at $1,404,000 after acquiring an additional 8,215 shares during the period. Finally, G&S Capital LLC grew its position in Zillow Group by 132.2% during the first quarter. G&S Capital LLC now owns 33,933 shares of the financial services provider's stock valued at $2,326,000 after acquiring an additional 19,319 shares during the period. 71.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Keefe, Bruyette & Woods dropped their price target on Zillow Group from $80.00 to $76.00 and set a "market perform" rating for the company in a research report on Wednesday, May 7th. Bank of America upped their price target on Zillow Group from $81.00 to $88.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. William Blair started coverage on Zillow Group in a research note on Monday, April 21st. They set a "market perform" rating on the stock. Wells Fargo & Company upgraded Zillow Group to a "hold" rating in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. upped their price target on Zillow Group from $79.00 to $94.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Eight research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $88.29.

About Zillow Group

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.